Are you as user friendly as you need to be for the $300 billion Latina market?
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Saturday, October 17, 2009
Friday, October 2, 2009
Timely and Important Articles for the Busy Executive
by: Elianne Ramos
They're young, they have $300 billion dollars in spending power and unless you haven't been paying attention lately, they're also wise. They're Latinas, a 22 million + market that is growing four times faster than any other, becoming a driving influence in fashion, trends and culture, as well as the one market segment that direct selling companies are racing to win over.
What's not to love? Entrepreneurial and hard working by nature, Latinas own 39% of all women minority-owned companies in the US. And because they are natural networkers who love shopping and socializing, they make the perfect prospect for any direct selling company across any category.
Friday, September 25, 2009
The 22+ million Latinas in the US market are becoming a very attractive segment that brands are racing to win over.
Today’s Latina influences fashion, trends and culture, forever changing the consumer playing field on a positive level. She is a complex consumer, who is on a literal and metaphorical journey to explore and re-define her womanhood, her cultural values and her own identity.
• Population size: 19.3 Million in the U.S.
• Median age: 27.5
• Growth: 4X faster than any other segment
• Business Ownership: 39 percent of minority-owned companies in USA
• Purchasing Power: $735 BILLION in 2008; Over $1 TRILLION by 2011
• Latina women account for one-third of purchasing power for all Hispanics
• Motherhood: From 2000 to 2007, Hispanic population grew 58.6% from births alone
• Future: 1 in 5 school children is now Hispanic. Population is expected to represent 30% of all Americans by 2050.
Such growth and significant contribution to the economy, especially while consumer confidence is historically low, reveal how much positive impact Latinas in general have in America today.
In the next post, we will discuss what makes this segment such a ideal prospect for your direct selling business.
¡Hasta la vista!
With the unprecedented growth of this market, the increasing number of Hispanic births (now 1 in 5) and the larger size of Hispanic families, there is no doubt that Latinas are a hot prospect for any direct sales business!
This blog, part of the Diversity Center of the DSWA, aims to provide you with business answers, ideas & resources for marketing to Latinas. Here you will find Latina insights, party ideas, booking recruiting tips to build your Latina team, articles for motivation & inspiration, as well as interviews with some of the most successful women doing direct sales in the Hispanic Market.
We hope you are able to use the majority of our tips, adapt them to your liking, and share with us any tips of your own.
We would also like for you to add any questions you may have to the comments section. We will provide answers to each and every one of them, so make sure to visit us again. Your question might be our next feature!
Gracias for reading and welcome to our DSWA Latina familia!